Nnamdi Ebo | NewsBlog

In my NewsBlog Nnamdi Ebo, I provide perspectives on news, events and analysis of unique stories, and I also offer original content, articles and photos; with contributions from some of the best minds.

Nnamdi Ebo | NewsBlog

In my NewsBlog Nnamdi Ebo, I provide perspectives on news, events and analysis of unique stories, and I also offer original content, articles and photos; with contributions from some of the best minds.

Nnamdi Ebo | NewsBlog

In my NewsBlog Nnamdi Ebo, I provide perspectives on news, events and analysis of unique stories, and I also offer original content, articles and photos; with contributions from some of the best minds.

Nnamdi Ebo | NewsBlog

In my NewsBlog Nnamdi Ebo, I provide perspectives on news, events and analysis of unique stories, and I also offer original content, articles and photos; with contributions from some of the best minds.

Nnamdi Ebo | NewsBlog

In my NewsBlog Nnamdi Ebo, I provide perspectives on news, events and analysis of unique stories, and I also offer original content, articles and photos; with contributions from some of the best minds.

 

President Buhari will earn basic monthly salary of N292, 892.08 – RMAFC

Buhari’s fight against corruption may have to start from his take home pay . . .

Nigeria’s new President, Muhammadu Buhari, will earn a basic monthly salary of N292, 892.08, while the Vice President, Prof. Yemi Osinbajo SAN will take home N252, 63.04 as his monthly basic salary.

This was revealed on the website of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).

RMAFC is statutorily empowered by Section 32 (d) of Part 1 of the Third Schedule of the Constitution of the Federal Republic of Nigeria to determine the remuneration appropriate for political office holders. The salaries and allowances are drawn from the Consolidated Revenue Fund (CRF). The current salary structure and allowances were fixed by the RMAFC in 2007 and there is no indication on the agency’s website that the wages have been reviewed.

Buhari . President Muhammadu Buhari GCFR .

President Buhari (photo) will earn his basic salary including other allowances totaling and  payable monthly to the tune of N1, 171,568.33 and N14, 058, 820.00 per annum. Vice President Osinbajo is entitled to a total of N1, 010, 524. 17 monthly and N12, 126,290.00 per annum – according to the RMAFC website.

Besides basic salaries, the nation’s two topmost public officers are also entitled to various regular allowances such as hardship, 50% of the basic salary – N1, 757, 350.50; consistency – 250%, N8, 786, 762.50.

Their irregular allowances include accommodation and furniture. These are provided for by the federal government in the State House (Aso Rock) in Abuja, where they will reside during their tenure. However, the two men occupying the nation’s highest offices will receive regular duty tour allowance (per night), estacode (per night) and medical allowances when requested.

The allowances are paid periodically, some monthly and a few once in four years. Duty Tour Allowance and Estacode depend on travels.

According to information on the website, the president’s severance gratuity is N10, 544, 115, that is 300% of basic; he is entitled to a leave allowance of N351, 470. 50 (10% of basic salary) and optional motor vehicle loan of N14, 058, 820, of 400%, to be repaid before the expiration of the president’s tenure.

The Vice President will also get allowances such as motor vehicle, feeding and maintenance, special assistant, personal assistant, domestic staff, entertainment utility, security, newspaper and periodicals, while the number two man’s hardship, consistency, severance gratuity and leave allowance are at N1, 515, 786.25; N7, 578, 931.25; N9, 094, 717.50 and N303, 157.25 respectively.

He will also receive a motor vehicle loan of 400% of his basic salary which is N12, 126, 290; to be repaid at the expiration of his tenure.

If all the information on salaries, remunerations and take home pay of Nigeria’s two newest leaders as enunciated by RMAFC on their website is actually implemented as stated clearly, then it becomes very easy to ascertain the true picture(s) of their financial states on leaving office.

Again, the current salary structure and allowances were fixed by the RMAFC in 2007 and should have applied to the three previous Presidents of Nigeria, viz: former Presidents Chief Olusegun Obasanjo, Alhaji Umaru Musa Yar’Adua and Dr. Goodluck Jonathan.

Most Nigerians may not agree with this contention that the RMAFC’s salary structures for their country’s topmost leaders (or rulers?) have been implemented in the past or will be implemented in the future.

They believe it is all a farce – considering that corruption is endemic in Nigeria and that no Nigerian politician goes into public service, public office or undertakes governance strictly based on stated salary structure(s).

This is borne out of the fact that they all come out richer than they were before assuming their exalted offices in the land. President Muhammadu Buhari vowed during his campaigns and in his inaugural speech to degrade corruption in Nigeria.

Maybe he can start his fight against corruption by doing first things first – he should endeavour to strictly take home the presidential salary structure as fixed by the RMAFC and which is stated clearly on their website. Vice President Yemi Osinbajo should also follow suit and this practice should be made to flow down the line to the civil service with the civil servants believed by many pundits to be the most corrupt Nigerians after the politicians – some say they are even number one, with the federal civil service and bureaucracy being the most corrupt institution in Nigeria.

The 36 states and Abuja FCT may have to also join the anti-corruption queue.

This appears to be a tall order, isn’t it?

Report & Analysis

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Nnamdi Ebo 2By: Nnamdi Ebo
The White Paper |
Political scientist | Author | Social commentator | THISDAY Contributor | Scholar in Legal literature & Politics | Online Newspaper Publisher | Blogger | NR Columnist

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